NIGP 94961: Royalty Distribution Services

Item

Code facts

NIGP codes come from the NIGP Code (NIGP: The Institute for Public Procurement, maintained by Periscope Holdings), and state and local contract opportunities from the governments' procurement sites.

State & local contract opportunities

Notice Posted Due
UNG - Trademark and Licensing Closed · Georgia

About NIGP 94961

NIGP 94961 Royalty Distribution Services, an Item code, encompasses the administration and payment of royalties owed to creators, rights holders, and other entitled parties — work state and local governments procure when managing intellectual property licensing, public performance rights, music licensing compliance, and similar revenue-sharing obligations. State and local issuing bodies soliciting under this code include municipal utilities managing broadcast licensing fees, transit authorities handling music and media rights payments, and school districts administering performance royalties for educational broadcasts and events. The scope of work involves calculating royalty amounts based on contractually defined terms, processing payments to multiple beneficiaries, maintaining detailed records of royalty obligations and distributions, and ensuring compliance with licensing agreements and statutory requirements.

No recent state and local contract opportunities under NIGP 94961 appear in the available data. The absence of posted solicitations suggests limited or episodic procurement activity under this code within the state and local market during the current review period.

Quick answers

What is NIGP 94961?

NIGP 94961 is Royalty Distribution Services, an item in NIGP 32, Higher Education.

What is the latest state & local contract opportunity under NIGP 94961?

The latest state & local contract opportunity under NIGP 94961 is UNG - Trademark and Licensing from Georgia, posted April 1, 2024.

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